SBC to seize unspent student group funds

In an email to both active and inactive student groups, the WSA’s Student Budget Committee (SBC) writes:

Because of the alarming gap between the funds allocated by the SBC and the funds spent by student groups, all unspent SBC allocations in student group accounts will be seized and returned to the SBC over Winter Break.

This is done so that every student group requesting money has a fair shot at it. Right now, the SBC is strapped for cash due to unusually high demand. We appreciate your cooperation.

Each student group must complete this form by 6:00 PM on Saturday, Dec. 6; otherwise, groups are “at serious risk of having [their] funds reassumed into the SBC general budget for next semester’s requests.”

More details are contained in the email, which registered group contacts should have received.

14 thoughts on “SBC to seize unspent student group funds

  1. Anonymous

    Great job Goy? Money has never been reassumed this early. It’s always been done in March at the earliest. And it’s (obviously) not a new idea, either.

  2. Anonymous

    Great job Goy? Money has never been reassumed this early. It’s always been done in March at the earliest. And it’s (obviously) not a new idea, either.

  3. Anonymous

    No, because the SBC and the WSA Office have complete oversight over what student groups use SBC funds for. If they have money in their accounts from the SBC, they can’t use it except for what the SBC has preapproved.

  4. Anonymous

    No, because the SBC and the WSA Office have complete oversight over what student groups use SBC funds for. If they have money in their accounts from the SBC, they can’t use it except for what the SBC has preapproved.

  5. Anonymous

    Or it will encourage student groups to spend the money as fast as they can, because they’re going to lose it anyway.

  6. Anonymous

    Or it will encourage student groups to spend the money as fast as they can, because they’re going to lose it anyway.

  7. Anonymous

    No. The SBC allocates scarce resources and it is the norm for the SBC to run out of money by the end of the year. You wouldn’t believe how much money gets requested by student groups, nor would you believe some of the outrageous things that get asked for.This is an excellent idea that will force student groups to be prudent with their expenditures. It will reassume money earmarked for projects that never came to fruition while still giving student groups the ability to keep funds that they are planning to use in the near future.Great job Goy.

  8. Anonymous

    No. The SBC allocates scarce resources and it is the norm for the SBC to run out of money by the end of the year. You wouldn’t believe how much money gets requested by student groups, nor would you believe some of the outrageous things that get asked for.

    This is an excellent idea that will force student groups to be prudent with their expenditures. It will reassume money earmarked for projects that never came to fruition while still giving student groups the ability to keep funds that they are planning to use in the near future.

    Great job Goy.

Comments are closed.